What are the 4 characteristics of money?
In general, there are four main characteristics that money should fulfill: durability, divisibility, transportability, and inability to counterfeit.
What are the 3 characteristics of money?
In order for something to be used for money, it must meet the following characteristics: Durability. Money should be able to stand up under constant use. Portability.
What are the 8 characteristics of money?
Top 8 Qualities of an Ideal Money Material
- General Acceptability:
- Portability:
- Indestructibility or Durability:
- Homogeneity:
- Divisibility:
- Malleability:
- Cognizability:
- Stability of Value:
What are 10 characteristics of money?
The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.
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Let’s run down our list of characteristics to see how they stack up.
- Durability.
- Portability.
- Divisibility.
- Uniformity.
- Limited supply.
- Acceptability.
What are the 5 characteristics of money?
Terms in this set (5)
- Divisibility. The standard unit of money must be blank into smaller units to accommodate small/large purchases (pennies, nickels, dimes, quarters, etc.)
- Portability. Money must be small enough to be carried.
- Stability.
- Durability.
- Difficulty of Counterfeiting.
What are the six characteristics of money?
Match
- Durability. Durability.
- Portability. People need to be able to take money with them as they go about their business.
- Divisibility. To be useful, money must be easily divided into smaller denominations , or units of value.
- Uniformity.
- Limited Supply.
- Acceptability.
What are the 10 characteristics of money?
What are the 5 main functions of money?
The following points highlight the top six functions of money.
- Function # 1. A Medium of Exchange:
- Function # 2. A Measure of Value:
- Function # 3. A Store of Value (Purchasing Power):
- Function # 4. The Basis of Credit:
- Function # 5. A Unit of Account:
- Function # 6. A Standard of Postponed Payment:
What are the 4 types of money?
The 4 different types of money as classified by the economists are commercial money, fiduciary money, fiat money, commodity money. Money whose value comes from a commodity of which it is made is known as commodity money.
Which characteristics of money is the most important and why?
Answer: Money as a medium of exchange is the most important characteristic of money, which will ensure its perpetual use.
What are the 7 functions of money?
Answer 6. Functions of Money:
- Medium of Exchange: The most important function of money is to serve as a medium of exchange or as a means of payment.
- Measure of Value:
- Standard of Deferred Payments:
- Store of Value:
- Transfer of Value:
- Distribution of National Income:
- Maximisation of Satisfaction:
- Basis of Credit System:
What are the 6 characteristics of money?
The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.
What are the 6 functions of money?
Top 6 Functions of Money –Discussed
- Function # 1. A Medium of Exchange:
- Function # 2. A Measure of Value:
- Function # 3. A Store of Value (Purchasing Power):
- Function # 4. The Basis of Credit:
- Function # 5. A Unit of Account:
- Function # 6. A Standard of Postponed Payment: